CPI Card Group CTO acquires 4,650 shares on vesting
The issuer’s 1,337-share withholding satisfied mandatory taxes and was not an open-market sale.
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Form Type
4
Rhea-AI Filing Summary
CPI Card Group Inc. Chief Technology Officer Ernesto Boada had 4,650 restricted stock units vest on October 31, 2026, converting into 4,650 common shares. The issuer withheld 1,337 shares for mandatory tax withholding at $26.15 per share; this was not an open-market sale. After the transaction, 4,650 restricted stock units remained.
Insider Trade Summary
4,650 shares exercised/converted
Exercise
3 txns
Insider
Boada Ernesto
Role
Chief Technology Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F1, F3 | 4,650 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 4,650 | -- | -- |
| Tax Withholding | Common Stock F2 | 1,337 | $26.15 | $35K |
Holdings After Transaction:
Restricted Stock Units — 4,650 contracts (Direct);
Common Stock — 8,751 shares (Direct)
Holdings Before and After:
Restricted Stock Units, 9,300 to 4,650 contracts (Direct);
Common Stock, 5,438 to 8,751 shares (Direct)
Footnotes (3)
- F1. Each restricted stock unit ("RSU") represents the right to receive one common share of the Issuer upon vesting of such RSU.
- F2. Shares withheld by Issuer to satisfy the mandatory tax withholding requirement upon vesting RSUs. Not an open market sale of securities.
- F3. This line reports RSUs that were awarded on the October 31, 2024 award date, which vested in substantially equal installments on the first and second anniversaries of the award date. The remaining RSUs granted on the award date will vest in a substantially equal installment on the third anniversary of the award date, subject to the reporting person's continued service through such date or as otherwise provided for in the applicable award agreement.
Key Figures
Restricted stock units vested: 4,650 restricted stock units
Common shares acquired: 4,650 shares
Shares withheld for tax liability: 1,337 shares
+2 more
5 metrics
Restricted stock units vested
4,650 restricted stock units
October 31, 2026
Common shares acquired
4,650 shares
Upon vesting on October 31, 2026
Shares withheld for tax liability
1,337 shares
Withheld by the issuer upon RSU vesting
Reported price per share
$26.15 per share
Shares withheld for mandatory tax withholding
Restricted stock units remaining
4,650 restricted stock units
Following the reported transaction
Key Terms
Restricted Stock Units, mandatory tax withholding requirement, vesting, award agreement
4 terms
Restricted Stock Units financial
"Each restricted stock unit ("RSU") represents the right to receive one common share"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
mandatory tax withholding requirement financial
"Shares withheld by Issuer to satisfy the mandatory tax withholding requirement"
vesting financial
"upon vesting of such RSU"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
award agreement financial
"as otherwise provided for in the applicable award agreement"
An award agreement is a legal contract that spells out the terms of a pay or equity grant—such as stock options, restricted shares, or cash bonuses—given to an employee, director or consultant. It describes what is being granted, any conditions for keeping it (for example, earning it over time or meeting performance targets), and what happens if the person leaves or breaks rules. Investors care because these agreements affect company costs, potential share dilution and how executives are motivated and rewarded.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
When do CPI Card Group’s remaining 2024 restricted stock units vest?
The remaining restricted stock units from the October 31, 2024 award are scheduled to vest in a substantially equal installment on the award’s third anniversary, subject to Ernesto Boada’s continued service through that date or as otherwise provided in the applicable award agreement.
AI-generated analysis. How Rhea-AI works. Not financial advice.
